Year End Tax Planning: Honda Vehicles Certified for Hybrid Tax Credits

The Internal Revenue Service has acknowledged the certification by American Honda Motor Company, Inc. (Honda ADR's trade on the New York Stock Exchange under the symbol HMC), that several of its Model Year 2007 vehicles meet the requirements of the Alternative Motor Vehicle Credit as qualified hybrid motor vehicles. The hybrid vehicle certifications recently acknowledged by the IRS and their credit amounts are:
Honda Civic Hybrid CVT, Model Year 2007 $2,100
Honda Accord Hybrid AT, Model Year 2007 $1,300
Honda Accord Hybrid Navi AT, Model 2007 $1,300
Consumers seeking the credit may want to buy early since the full credit is only available for a limited time.